gurjot_galwatti

MRF - Double top Pattern - 1st Target 57532

Short
NSE:MRF   MRF LTD
There is formation of a double top pattern in a daily time frame chart following major resistance 61143. The exhaustion in bulls is further supported by a double top formation around 72 levels in the RSI indicator. This pattern will get more firm with the consecutive bearish candles below the uptrend resistance line. Therefore, the first target is 57532 and the second target 54816.
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